Gemfields’ auction of lower-quality rough emerald and beryl was held from 5 to 8 August 2014 in Lusaka, Zambia, fetching a total of US$15,500,000 (approximately HK$120 million), the second highest for any lower-quality auction. According to Gemfields, the average realized price was US$3.61 per carat (excluding the sale of 1.5 tonnes of low grade beryl), a new record for lower-quality auctions. The auction saw 12.1 million carats of emerald and beryl extracted from Kagem placed on offer.
Auction at-a-glance
Grand total（US$） : 15,500,000
Sold by lot : 81%
Lots offered : 21
Sold by value : 88%
Lots sold : 17
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